NFT markets slump as weekly sales volume dives 30%
MAYC, BAYC, and Otherdeed trading volumes are all way down, as are volumes in the entire NFT market, possibly signaling a general cooldown in the industry. The nonfungible token (NFT)…
Credibility Concerns — Gallop Poll Shows Fed Chair’s Confidence Ratings Slid by Double Digits
According to a Gallop poll published on May 2, the public’s confidence in America’s current economic leaders has been deteriorating. Confidence in U.S. president Joe Biden managing the U.S. economy…
SEC Halts $62 Million Crypto Mining, Trading Scheme — DOJ Indicts Founder
The U.S. Securities and Exchange Commission (SEC) has halted a $62 million global cryptocurrency trading and mining scheme and the Department of Justice (DOJ) has indicted its CEO and founder.…
Understanding staking pools: The pros and cons of staking cryptocurrency
A popular investing strategy for long-term crypto investors, staking pools promise a regular income stream for the tokens staked with certain riders. How should one begin their staking journey? It…
Bitcoin Price Prediction for Today, May 8: BTC Bears Could Demolish $34,000 Support
The Bitcoin price prediction shows that BTC keeps trading below the moving averages as the coin touches $33,701 support. BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $40,000,…
Value Locked in Decentralized Finance Slides 17% Lower Over the Last 30 Days
The value locked in decentralized finance (defi) protocols has lost 17.77% over the last 30 days, falling from $221.67 billion to today’s $182.27 billion. Moreover, statistics show the total value…
Nicehash Software ‘Fully Unlocks’ Nvidia’s Hashrate Reducing Technology
On Saturday, the cryptocurrency mining platform Nicehash revealed the company has “fully Nvidia’s ” graphic processing units (GPUs). Nicehash says the firm’s Quickminer mining software is the first protocol that…
Majority of Russia’s Financial Pyramids in Q1 Linked to Crypto, Scammers Exploit Sanctions Topic
Many of the financial pyramids identified in Russia during the first quarter of the year have been associated with cryptocurrencies, a top central bank official has revealed. Fraudsters are actively…
Top 5 cryptocurrencies to watch this week: BTC, ALGO, XMR, XTZ, THETA
Bitcoin has reached a critical support zone, and if there is a bounce from this level, ALGO, XMR, XTZ and THETA could move higher in the short term. The S&P…
Shiba Inu (Shib) Price Prediction for Today, May 8: SHIB May Lower to $0.000015
Shiba Inu (SHIB) Price Prediction – May 8Most indications have it that the Shiba Inu market may lower to $0.000015 against the valuation rate of the US Dollar in the…
Tron’s Justin Sun Buys $1M in UST in What He Calls a ‘Secret Plan’ For the Stablecoin
Summary: Justin Sun has reportedly purchased $1 million worth of UST on Curve Finance Tron’s founder had announced via Twitter that he was buying UST This is after the saga…
CoinShares’ Exec. Warns that Governments Will Attempt to Ban Bitcoin
Summary: CoinShares’ Chief Strategy Officer has warned that governments are going to try to ban Bitcoin and other cryptocurrencies Evidence of such attempts can be seen in the EU’s sentiment…
Why Is Bitcoin So Volatile? Which Factors Determine The Volatility?
Some investors have made a lot of money with Bitcoin, the largest digital currency globally, by market capitalization. Bitcoin’s volatility has been attributed to several factors by market observers, and…
How Can Businesses Take Advantage of Non-Fungible Tokens?
Recently, much buzz has been created by non-fungible tokens on the crypto market. What is an NFT? An NFT (non-fungible token) is a digital asset with unique properties that are…
Chainlink’s Fair Value in May is Between $10 to $19 – LINK Analyst
Summary: Chainlink (LINK) has been hard hit by the crypto-wide market correction LINK has dropped from the top 20 digital assets on Coinmarketcap According to the team at Cane Island…